New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: May 11, 2026.
Authorizes certain municipalities to impose a tax on certain high-value non-primary residences.
Authorizes municipalities located outside the city of New York to impose a tax on high-value non-primary residences having a five-year average market value threshold as set by the municipality between 2.5 and 5 million dollars or more; provides for authorized rates of taxation, administration and enforcement, and revenue distribution.
| Date | Event | Detail |
|---|---|---|
| 2026-05-11 | Introduced | Bill introduced |
| 2026-05-11 | Status | in_committee |
| 2026-05-11 | Latest Action | In Assembly Committee |